Blackburn-based investor EP Properties has acquired the 44,000 sq ft Innovation Centre and Fusion House at Evolution Park in the town, in a multi-million-pound deal.
Developed as a landmark regeneration project by St Modwen in 2008, the centre was designed to nurture growing medical, science and technology sector organisations and is currently home to tenants including nuclear engineering firm Assystem and cloud services provider Maintel, as well as NHS Blackburn with Darwen.
EP Properties director Arif Patel said: “The Innovation Centre has been central to Blackburn’s growth and regeneration for almost 15 years and it still has an essential role to play in the town’s evolving economic prosperity.
“Although it’s almost fully let there are still some Grade A office space units available, suitable for anyone from start-ups, up to 200-desk corporates.”
EP Properties has a UK portfolio of 5 million sq ft of office, warehouse and industrial space, mostly located across the North West.
“We have developed a reputation for the sort of high quality, commercial space that enables businesses to grow and provides modern, safe and comfortable workplaces that people enjoy working in,” said Mr Patel.
“The Innovation Centre and Fusion House at Evolution Park are fantastic additions to our portfolio and we are actively seeking further acquisitions for 2022.”
Manchester-based PK3 Agency acted on behalf of the vendor Mileway on the deal, which saw the property sold off market for an undisclosed sum.
PK3 Agency director James Kinsler said: “We were able to act swiftly on the sale of this property, which is great asset in an excellent location, and it was a pleasure to work with Arif and the team at EP Properties.”
